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Aupeo Acquired by Panasonic

Aupeo GmbH, a Berlin, Germany-based content and audio streaming service and technology platform provider, was acquired by Panasonic.

The amount of the transaction was not disclosed.

Aupeo’s acquisition (by Panasonic Corporation of North America and its division company Panasonic Automotive Systems Company of America aims to further enhance the technology and customer relationship tools Panasonic offers to its automotive customers.

Established in 2008 by COO Armin G. Schmidt and led by Holger G. Weiss, CEO, Aupeo is licensed to operate streaming services in more than 40 countries, offering a rich personalized music experience and more than 6,000 channels of terrestrial radio, podcast streaming and other services.

The company will continue to deploy new products to meet the demands of end-users as well as Panasonic’s customers in the automotive and other industries.